Hot Springs, MT

Full City Profile · Montana · Lake County County

1.9 /5.0
D Poor
558 Population 1,468/sq mi density
$21,319 Median Income $21,125 per capita
$139,100 Home Value $260,307 Zillow
$683 Median Rent 41.9% income on rent
45°F Avg Temperature
472 Violent Crime/100K 629 property/100K
D
Overall
1.9 / 5.0
Below average overall score based on economy, affordability, safety and education
D
Economy
1.6 / 5.0
$21,319 median income, 10.5% unemployment
C+
Affordability
3.0 / 5.0
$139,100 home value, $683/mo rent
F
Safety
1.0 / 5.0
472 violent crimes/100K (24% above avg)
C
Education
2.2 / 5.0
14.7% bachelor's degree or higher

Housing Overview

Median Home Value
$139,100
51% below
US avg: $281,900
Median Rent
$683/mo
41% below
US avg: $1,163/mo
Homeownership Rate
61.2%
6% below US avg (65.4%)
Total Housing Units
387
Median year built: 1949

Home Value by Source

Census Median
$139,100
Zillow (ZHVI)
$260,307
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

61.2%
Owner-Occupied
38.8%
Renter-Occupied
61%
39%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$988/mo
1 Bedroom
$1,076/mo
2 Bedroom
$1,336/mo
3 Bedroom
$1,789/mo
4 Bedroom
$2,113/mo
Census median rent: $683/mo

Affordability & Housing Stock

Rent Burden
41.9%
of renters spending 30%+ of income on housing
35% above US avg (31.0%)
Median Year Built
1949
Average age of housing stock: 77 years
Homeownership Rate
61.2%

Complete Housing Data

Home Values

Census Median Value$139,100
Zillow Home Value (ZHVI)$260,307

Rent

Census Median Rent$683
FMR Studio$988
FMR 1-Bedroom$1,076
FMR 2-Bedroom$1,336
FMR 3-Bedroom$1,789
FMR 4-Bedroom$2,113

Market

Ownership & Stock

Owner-Occupied61.2%
Renter-Occupied38.8%
Homeownership Rate61.2%
Total Housing Units387
Median Year Built1949
Rent Burden41.9%